Market Insider News - Fintech Rivool Uses Token to Attract Foreign Investors to Brazilian Agribusiness
Market Insider News
May 8, 2024
Rivool Finance, a fintech based in Florianópolis (SC) that uses blockchain technology to tokenize agricultural receivables such as Rural Product Certificates (CPR), is set to start
Rivool began its operations by raising R$ 20 million from its partners, family, and close friends. On the domestic front, the goal is to increase the funding volume to R$ 50 million. One or more CPRs issued by rural producers and originated by the fintech can be transformed into a token, which is traded on the market according to demand, with updated prices.